Considering that crypto was supposed to be a world-shaking innovation, a revolutionary paradigm that was going to gut-renovate the world’s archaic payments systems, it’s surprising how little the industry’s ongoing meltdown has mattered.
Of course, it matters a great deal to people who invested in cryptocurrencies that later shed most of their value, or the various crypto companies that are halting withdrawals and defaulting on debt. I feel very sorry for their losses. But so far their suffering hasn’t proved contagious.
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